About 9.9 percent of homeowners had missed at least one mortgage payment as of June 30, the Mortgage Bankers Association said Thursday. That number, adjusted for seasonal factors, was close to a record high of more than 10 percent at the end of April.

About 9.9 percent of homeowners had missed at least one mortgage payment as of June 30, the Mortgage Bankers Association said Thursday. That number, adjusted for seasonal factors, was close to a record high of more than 10 percent at the end of April.

Doesn't the gov pick those up if you miss them? I swear that's what I heard a lady talking about right after the election. She wasn't going to have to pay for gas or her mortgage (rent most likely).

There's an old sea story about a ship's Captain who inspected his sailors,
and afterward told the first mate that his men smelled bad.
The Captain suggested perhaps it would help if the sailors would change
underwear occasionally.
The first mate responded, "Aye, aye sir, I'll see to it immediately!"

The first mate went straight to the sailors berth deck and announced,
"The Captain thinks you guys smell bad and wants you to change
your underwear."
He continued, "Pittman, you change with Jones, McCarthy, you change
with Witkowski, and Brown, you change with Schultz."

THE MORAL OF THE STORY:

Someone may come along and promise "Change", but don't count on things
smelling any better.

The Chicago Fed's Evans not only backed more easing but repeated his call for a price-level target, a bolder move than inflation targeting, saying that there was little chance the U.S. unemployment rate, now at 9.6 percent, would fall below 8 percent by 2012.

The Chicago Fed's Evans not only backed more easing but repeated his call for a price-level target, a bolder move than inflation targeting, saying that there was little chance the U.S. unemployment rate, now at 9.6 percent, would fall below 8 percent by 2012.

Let's hope liberals enjoyed the warm glow of self-righteousness they got from voting for the unqualified left-wing black guy with the name like a terrorist, because the price tag is astronomical and still rising:

New numbers posted [Monday] on the Treasury Department website show the National Debt has increased by more than $3 trillion since President Obama took office. …

The Administration has projected the National Debt will soar in Mr. Obama's fourth year in office to nearly $16.5-trillion in 2012. That's more than 100 percent of the value of the nation's economy and $5.9-trillion above what it was his first day on the job.

Not even a Harvard grad could be enough of a fool to think this can be sustained. By the time this nightmare is over, the names of Richard Cloward and Frances Fox Piven — progressives credited with inventing the strategy of imposing communism by collapsing the economy with excessive government spending — will be household names.

Meanwhile, the Marxist saboteur in the White House blames his predecessor for the debt, and uses it to justify further crippling the economy by letting taxes shoot into the stratosphere on January 1.